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Morning Market Movers (MRX, GLBS, NHP, PACR)
Monday, February 28, 2011 - 11:06am | 116Medicis Pharmaceutical Corp (NYSE: MRX) jumped 21.88%to $31.47 at 10:00 am. MRX reported a 22.4% surge in its 2010 revenue. Globus Maritime Limited (NASDAQ: GLBS) shares advanced 13.22% to $8.99. GLBS declared a Q4 cash dividend of $0.16 per share. Nationwide Health Properties Inc (NYSE: NHP)...
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Jefferies Discusses Public Storage (PSA)
Monday, February 28, 2011 - 8:26am | 192Jefferies & Co. is out with a research report on Public� Storage� (NYSE: PSA) after it reported earnings. It has a Hold rating and a $110 price target on shares. In a note to clients, Jefferies writes, "�For� 4Q10, �PSA� reported� YoY SS �NOI �growth �of �4.2%, �driven �by � a �2.4%� increase...
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Earnings Scheduled For February 28 (AES, EIX, AWI, EXM, CDE, LYV, IDIX, AFAM, AONE, RRC, BPHX, BID, DTSI, EPR)
Monday, February 28, 2011 - 2:40am | 373AES Corp (NYSE: AES) is expected to report its Q4 earnings at $0.25 per share on revenue of $3.80 billion. Edison International (NYSE: EIX) is projected to report its Q4 EPS at $0.60 on revenue of $4.20 billion. Armstrong World Industries Inc (NYSE: AWI) is estimated to post its Q4 EPS at $0.16...
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Below $3 Trading on the NYSE
Sunday, February 27, 2011 - 1:06am | 497Many investors believe low price stocks are dead, even those that trade on the New York Stock Exchange (NYX). But look at Flotek Industries Inc. (FTK), the Houston based drilling supply company. The stock traded between 1.06 to 1.36 during the month of July last year. It closed at 6.53 on Friday....
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Benzinga's Top ETF Gainers, February 25th (SOXL, TNA, DRN, BAL)
Friday, February 25, 2011 - 6:55pm | 211Direxion Daily Semiconductor Bull 3X Shares (NYSE: SOXL) gained 7.56% on Friday, and it closed at $69.43. In the semiconductor space, Micron Technology, Inc. (NASDAQ: MU) jumped 4.86%, and Novellus Systems, Inc. (NASDAQ: NVLS) added 3.81%. Direxion Daily Small Cap Bull 3X Shares(ETF) (NYSE: TNA)...
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Strategic Hotels & Resorts Announces $500M Securities Shelf
Friday, February 25, 2011 - 1:59pm | 17Strategic Hotels & Resorts (NYSE: BEE) announces $500M securities shelf.
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US Stock Futures Up As Crude Oil Prices Stabilize; Economic Data, Earnings In Focus
Friday, February 25, 2011 - 7:43am | 567US stock futures are higher this morning as crude oil prices stabilized. Investors are awaiting economic reports. Futures for the Dow Jones Industrial Average gained 55 points to 12,092.00, while those for the S&P 500 index climbed 7 points to 1,309.70. Futures for the Nasdaq 100 index rose 15....
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Earnings Scheduled For February 25 (IPG, PSA, JCP, THC, IBI, AMAG, POM, CTB, ABVT, DRC, CEP)
Friday, February 25, 2011 - 5:24am | 298Interpublic Group (NYSE: IPG) is expected to report its Q4 EPS at $0.31 on revenue of $1.91 billion. Public Storage (NYSE: PSA) is projected to post its Q4 earnings at $0.72 per share on revenue of $382 million. J.C. Penney Company Inc (NYSE: JCP) is estimated to report its Q4 EPS at $1.08 on...
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Stocks Going Ex Dividend the First Week of March
Friday, February 25, 2011 - 12:06am | 746Here is our latest update on the stock trading technique called 'Buying Dividends'. This is the process of buying stocks before the ex dividend date and selling the stock shortly after the ex date at about the same price, yet still being entitled to the dividend. This technique generally works only...
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Ashford Hospitality Trust Reports Q4 FFO of $0.40 vs. $0.37
Thursday, February 24, 2011 - 5:33pm | 43Ashford Hospitality Trust, Inc. (NYSE: AHT) today reported the following results and performance measures for the fourth quarter ended December 31, 2010. Adjusted funds from operations (AFFO) was $0.40 per diluted share for the quarter Total Revenue $221.11M
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Jefferies Reiterates Hold Rating On HT
Thursday, February 24, 2011 - 9:37am | 79Hersha Hospitality Trust's (NYSE: HT) results “continue to demonstrate our thesis that the company's urban exposure should eclipse the limited operating leverage inherent in its limited service segment,” Jefferies reports. “While we believe HT should benefit from growth through acquisitions, we...
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FelCor Reports Q4 FFO of $(0.04) vs. $(0.08)
Thursday, February 24, 2011 - 9:09am | 52FelCor Lodging Trust Incorporated (NYSE: FCH) today reported operating results for the fourth quarter ended December 31, 2010. Total revenues $232.175M Adjusted funds from operations was a loss of $3.6 million or $0.04 per share, compared to an $18.7 million loss, or $0.29 per share, for...
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Morgan Keegan Lowering Price Target On Healthcare Realty Trust
Thursday, February 24, 2011 - 8:26am | 86Morgan Keegan is lowering its price target on shares of Healthcare Realty Trust (NYSE: HR) to $23.50 from $23.50. It has an Outperform rating. In a note to clients, Morgan Keegan writes, "We are lowering our price target from $24.50 to $23.50, due to slightly lower NOI and slightly higher debt...
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Morgan Keegan Lowers PT On Healthcare Realty Trust To $23.50
Thursday, February 24, 2011 - 8:08am | 28Morgan Keegan has lowered the price target on Healthcare Realty Trust (NYSE: HR) from $24.50 to $23.50 and maintains its Outperform rating.
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Sovran Self Storage Reports Q4 FFO of $0.65 vs. $0.62; Revenue $48.86M vs. $47.08M
Wednesday, February 23, 2011 - 5:27pm | 122Sovran Self Storage, Inc. (NYSE: SSS), a self storage real estate investment trust (REIT), reported operating results for the quarter and year ended December 31, 2010. Net income available to common shareholders for the fourth quarter of 2010 was $8.5 million or $0.31 per fully diluted share. For...